Vocera Communications Inc (NYSE:VCRA) – Analysts at Leerink Swann cut their Q3 2018 earnings per share (EPS) estimates for shares of Vocera Communications in a research note issued on Tuesday, May 15th, according to Zacks Investment Research. Leerink Swann analyst D. Larsen now expects that the communications equipment provider will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.01. Leerink Swann currently has a “Market Perform” rating and a $29.00 target price on the stock. Leerink Swann also issued estimates for Vocera Communications’ Q4 2018 earnings at ($0.01) EPS.
Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, April 26th. The communications equipment provider reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Vocera Communications had a negative net margin of 7.42% and a negative return on equity of 5.95%. The company had revenue of $40.20 million during the quarter, compared to the consensus estimate of $39.16 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. The company’s revenue was up 10.7% on a year-over-year basis.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Vocera Communications from a “hold” rating to a “sell” rating in a report on Friday, April 13th. Cantor Fitzgerald restated a “buy” rating and set a $35.00 price target on shares of Vocera Communications in a research note on Tuesday, March 27th. Finally, Chardan Capital began coverage on shares of Vocera Communications in a report on Tuesday, January 30th. They set a “buy” rating and a $37.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $34.14.
Shares of NYSE:VCRA opened at $25.99 on Thursday. Vocera Communications has a twelve month low of $22.43 and a twelve month high of $32.23.
In related news, CFO Justin Spencer sold 10,000 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.74, for a total transaction of $267,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 40,283 shares of company stock valued at $1,057,522 in the last quarter. 4.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in VCRA. California Public Employees Retirement System increased its position in Vocera Communications by 27.7% in the 3rd quarter. California Public Employees Retirement System now owns 23,491 shares of the communications equipment provider’s stock valued at $737,000 after acquiring an additional 5,091 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Vocera Communications by 11.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 148,268 shares of the communications equipment provider’s stock valued at $4,481,000 after acquiring an additional 15,503 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Vocera Communications by 18.4% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,076,350 shares of the communications equipment provider’s stock valued at $32,527,000 after acquiring an additional 167,555 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in Vocera Communications in the 4th quarter valued at about $302,000. Finally, Gilder Gagnon Howe & Co. LLC increased its position in Vocera Communications by 20.6% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 297,383 shares of the communications equipment provider’s stock valued at $8,987,000 after acquiring an additional 50,780 shares in the last quarter.
Vocera Communications Company Profile
Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.
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